Tag: Department of Finance
DOE, DOF exempt electric cooperatives from local taxes
The Department of Energy (DOE) and Department of Finance (DOF) issued a joint memorandum circular on December 4 that exempts all electric cooperatives (ECs)...
Senate urged to probe foregone tax revenues due to smuggling
SEN. Sherwin Gatchalian is seeking an investigation on the foregone tax revenues on products imposed with excise taxes due to smuggling and illegal trading.
In...
GDP forecasts revised
The economic team has revised the government’s growth forecasts over the medium-term to take into account the impact of anticipated structural reforms as well...
Infra, food security prioritized in ’25 budget
President Marcos Jr. has committed to fund priority projects of the administration in 2025 especially those involving infrastructure development and food security, Planning Secretary...
$500M WB financing to rebuild 3K schools
The government has sealed a $500 million financing agreement with the World Bank - International Bank for Reconstruction and Development (WB-IBRD) to rebuild over...
